What to produce
who for
how much to produce
Answer:
B). Response bias
D). The interviewer should reword the question.
Explanation:
Response bias is described as the type of bias in which a variety of tendencies are displayed by the respondents to answer the questions asked in the survey inaccurately or misleadingly. These false responses eventually lead to a false or deceiving conclusion. In the given survey, 'response bias' is displayed as the respondents may display a tendency to answer the question falsely as the feeling of 'patriotism' evoked by the word 'patriotic' may prevent their original opinions to come out. Thus, <u>option B</u> is the correct answer to describe the bias in this survey.
In order to prevent this bias, the interviewer must 'reword the question' and remove the word 'patriotic' as it develops the feeling of patriotism in the respondents which mars them from answering accurately and share their true opinions or thoughts in the regards of 'supporting armed forces.' This rewording will help evoke the true and authentic responses without any bias. Thus, <u>option D</u> is the correct answer to remedy the bias.
Answer:
Assuming that the price elasticy of demand of gizmos is -1.0 (the questions says that the value is "1.0 disregarding the negative sign"), we can see that gizmos is a perfectly inelastic good.
The demand of perfectly inelastic goods do not respond to changes in price. If sellers of gizmos increase their prices, revenue will stay the same because people will continue to buy gizmos no matter how expensive they become.
Answer:
B) She has been notified by her employer that due to corporate downsizing her position is being eliminated.
Equities carry a high risk and if her high paying job is at risk, she will probably need to reduce her portfolio's risk.
Explanation:
the other options are wrong because:
A) Equities are rebounding slowly after a 2-year slump. <u>⇒ if this is true, then she should be happy with her current portfolio since 80% of it are equities.</u>
C) The father of her children has established trust funds for each of them in the amount of $50,000 each. <u>⇒ if this is true, then she should be happy with her current portfolio since equities carry a higher risk but can also yield much higher returns. She should be OK with the high risk because her children will be covered by the trust fund. </u>
D) She will be remarrying a person of considerable wealth next month. <u>⇒ if this is true, then she should be happy with her current portfolio since equities carry a higher risk but can also yield much higher returns. She should be OK with the high risk because she will marry a wealthy man, so the risk shouldn't be a a problem. </u>
Answer:
Madison got refunded $3,280.
Explanation:
tax due (or tax refunded ) = gross tax liability - tax credits - tax withheld
= $10,450 - $4,520 - $9,300
= -$3,280
Therefore, Madison got refunded $3,280.
